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Jan 25, 2013
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the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in other words who are the biggest stakeholders you want to reach that you haven't reached yet that haven't been as generous as they could? is this process harder as we see austerity taking place all around the world? >> well, the money that helps out the poorest overwhelmingly comes from government aid budgets and so what kind of priority that gets say in the u.s. budget process over the next four or five years i'd say is pretty unclear. will the generosity go up? will it be cut proportionately? or will it suffer a disproportionate cut, you know? unless we tell the aids story very well, you know, i'd be quit
the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in...
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Jan 25, 2013
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if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what would be most likely would be a much more aggressive share repurchase. they won't do a one-time dividend like they did years ago. >> your sneaky long is up 1.5%, rick. thanks for stopping by. >> thank you. >> rick sherlund. >>> what do family ties and initial public offering have in common? we'll find out when the ceo of bright horizons joins us next. say farewell to secretary geithner. we'll talk about his legacy and the challenges for his successor, jack lew. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new p
if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what...
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Jan 25, 2013
01/13
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KRON
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the governor praised praised voters for approving temporary tax increases. a special session of the those issues that must be california is to get the act started by next january the mafigovernor jerry brown prd the law makers and for approving a temporary tax increase this also recognizes storing surplus. >> this means living within our means and not spending what we do not have it is cool to lead people all along with providing programs and only to cut them, cut them back it is not progress or progress if it is an illusion the stop and go will help no one. we are not going to go back there. >> the president affordable care act is also wanting to be started by next january. >> pam: we now know the name of the woman who was gunned down in her san jose home yesterday. this is video of the scene from our helicopter partnership with a-b-c-7 news. 43-year-old anna duong was found shot inside her home on ponselle court at about 1-30 in the afternoon. she died at a hospital about an hour later. duong was a mother of two young children. and was well-known for selli
the governor praised praised voters for approving temporary tax increases. a special session of the those issues that must be california is to get the act started by next january the mafigovernor jerry brown prd the law makers and for approving a temporary tax increase this also recognizes storing surplus. >> this means living within our means and not spending what we do not have it is cool to lead people all along with providing programs and only to cut them, cut them back it is not...
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Jan 25, 2013
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payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents
payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little...
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Jan 25, 2013
01/13
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KQED
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it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizable way. you need more investment in human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly getting a on any of them so it would be nice if we could get a on all of them and then we could do better. but i think it's unrealistic to think that growth is going to do the whole job. >> what about the federal reserve. it has its first meeting this year next week. is there anything more than the fed can do besides keeping interest rates superlow? >> not that much. the fed is more or less restricted to working on interest rates and things that are related, closely related to interest rates. i think really if we're going to g
it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizable way. you need more investment in human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology....
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Jan 25, 2013
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it's all about raising taxes and cutting spending. and there's no discuss about test test test. to do to get growth? >> well the badh6+suz there susie s that while higher growth is by far the best remedy it's very hard to put if into effect. in a sizable way. you need more investment in human beings that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly getting a on any of them so it would be nice if we could get a on all of them and then we could do better. but i think it's unrealistic to think that growth is going to do the whole job. >> what about the federal reserve. it has its first meeting this year next week. is there anything more than the fed can do besides keeping interest rates superlow? >> not that much. the fed is more or less restricted to working on interest rates and things that are related closely related to interest rates. i think really if we're going to get a big push to growth it's got to come from the government. and believe it o
it's all about raising taxes and cutting spending. and there's no discuss about test test test. to do to get growth? >> well the badh6+suz there susie s that while higher growth is by far the best remedy it's very hard to put if into effect. in a sizable way. you need more investment in human beings that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly...
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Jan 25, 2013
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sellers of luxury properties were very active toward the end of 2012, due in part to the capital gains tax increase that would take effect in 2013 for those making $400,000 or more. mulville also mentioned how the changing demographics of americans go hand-in-hand with the world- wide interest in american real estate. "americans are getting older, becoming more willing sellers at the same time as foreigners want to come in and buy, so it's a combination of things that's magnifying the demand in the upper end. financing is readily available as banks are on track to distribute more private jumbo loans than they have since 2007. > > with this rush of buyers to own these million dollar homes, is this a sign the economy turning around? experts say yes, but not so fast. "we might see some stimulus effect, but i don't think it will be a major decider if we pull out of the recession or not." for first business news, i'm ky sisson. recent data shows that luxury housing markets in south florida, denver, and phoenix are also making a comeback. still ahead, watch your wings. why chicken wing prices ar
sellers of luxury properties were very active toward the end of 2012, due in part to the capital gains tax increase that would take effect in 2013 for those making $400,000 or more. mulville also mentioned how the changing demographics of americans go hand-in-hand with the world- wide interest in american real estate. "americans are getting older, becoming more willing sellers at the same time as foreigners want to come in and buy, so it's a combination of things that's magnifying the...
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Jan 25, 2013
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income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil mickelsons of this world are driving the tax debate. phil mickelson objects to a 63% tax rate. who wouldn't? when this tax become legalized theft? this is a moral question as well as financial. here you have a sports guy driving a moral and financial tax debate. is not going away either. the president wants to raise taxes even more and we will soon see the impact of that disaster known as obamacare. bring on the debate. do you think 63% is a fair share for the government? do you think any american should be cowed into living where the government can tax them most? i know wh
income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil...
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Jan 25, 2013
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class and the victims of sandy, were freezing, had no place to go for the holidays, but you used our tax dollars to take your family away to go play ball, and have a good time, while my family did not get to spend christmas here. it's the first one in ten years that i did not spend christmas in my house. i had to go to my sister's house to easement my kids weren't home mitchell daughter didn't come home. but you, mr. president, went away and got to enjoy yourself and you have lied to the american public. i have asked you to come back here to staten island to tell us why you broke your promise. you know where i live. you made a promise. you looked me eye-to-eye. i will look you eye-to-eye right now and say, president obama, come back to staten island and talk to the victims and tell us why you're not helping like you promised,. >> scott, we have to leave it there. we'll say a prayer for you. hopefully we get this aid through the senate and get it to you guys as soon as possible. scott, thank you very such. >> to washington, mike, what is holding things up in. >> a great question. the sena
class and the victims of sandy, were freezing, had no place to go for the holidays, but you used our tax dollars to take your family away to go play ball, and have a good time, while my family did not get to spend christmas here. it's the first one in ten years that i did not spend christmas in my house. i had to go to my sister's house to easement my kids weren't home mitchell daughter didn't come home. but you, mr. president, went away and got to enjoy yourself and you have lied to the...
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Jan 25, 2013
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the people have given us seven years of extra taxes. let us follow the wisdom of joseph, pay down our debts, and store up reserves against the leaner times that will surely follow. >> reporter: in other words, the millions of dollars in cuts to social and health services for the poor will remain in place for now. >> we also need to rethink and streamline our regulator procedures. >> even republicans were happy to hear. >> i think his heart is in the right place but with jerry brown you have to look at what he does. >> reporter: on the other hand, some bay area democrats felt the governor was coming up short on compassion for the poor and disabled. >> not to spend more money but to spend it more wisely. >> reporter: they both agreed on his stand against ongoing hikes in stated college tuition. >> i'm not going to let them become the default financiers of our colleges and universities. >> reporter: his call to give more education money to poor schools possibly at the expense of richer suburban districts. >> i'm being asked to vote against
the people have given us seven years of extra taxes. let us follow the wisdom of joseph, pay down our debts, and store up reserves against the leaner times that will surely follow. >> reporter: in other words, the millions of dollars in cuts to social and health services for the poor will remain in place for now. >> we also need to rethink and streamline our regulator procedures. >> even republicans were happy to hear. >> i think his heart is in the right place but with...
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Jan 25, 2013
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miller is proposing a 3% sales tax program. it woulden rate $300 million. a library in detroit has found a way to make sure people return those books. the public library hired a collection agency to go after people with overdue books and movies. yes, they say if it goes long enough it can hurt their credit scores. the library says it will only go after borrowers with more than $20 worth of items. they've lost about $40,000 in unreturned rentals over the past five years. >>> catcher in the ry is so good. you don't want to give it back. got to let it go. >> buy it yourself. >> president obama may often clash with republicans but he apparently also has issues with another group. flies. look closely at the president here during a news conference yesterday. >> i am nominating mary joe white to lead the security and exchange commission and richard cord ray to continue leading the consumer financial protection bureau. this guy is bothering me here. >> a fly. so rudely disturbs the president of the united states. landed right on his forehead you saw there. the pres
miller is proposing a 3% sales tax program. it woulden rate $300 million. a library in detroit has found a way to make sure people return those books. the public library hired a collection agency to go after people with overdue books and movies. yes, they say if it goes long enough it can hurt their credit scores. the library says it will only go after borrowers with more than $20 worth of items. they've lost about $40,000 in unreturned rentals over the past five years. >>> catcher in...
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Jan 25, 2013
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that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on the taxing side but certainly on the expenditure side. i'm dying to hear the -- to hear the expenditure and less spending side. i agree with that. but i'm not -- i'm not -- i wouldn't use the term disappointed until this whole process is over. i don't think we're in the -- i don't think we're in the seventh inning of this process. >> yeah. >> because at this point, we're -- >> at this point we're at, you know, simpson-bowles and rivlin domenici and the gang of all of these the idea was to get rid of a lot of the deductions and loopholes, so that you could broaden the base with a lower
that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on...
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Jan 25, 2013
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. >> you're paying 8 or 9% in sales tax and now this. in some states, this is illegal. >> yeah. okay. here are the lucky people in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma and texas. listen, this is a big deal and i think people are going to struggle with this thing and they're not going to be happy about it and consider, these fees were really already built into the price of stuff, so you're really paying it twice. what they should do is give us a discount in cash. >> shepard: they should. >> but they're not going to do that. no. >> shepard: thank you. a real shock shock today. shares of apple fell far from the tree and rotted in the orchard. the tech giant price per share off 12% today alone. off 36% from the high. quarterly earnings came out today, they were up but not as much as analysts expected. slowing growth, it shows. after five blockbuster years. senator john kerry did ad libbing and fought back some tears during his confirmation hearing. in his opening statement, he added a mention of his trip to vietnam with senator
. >> you're paying 8 or 9% in sales tax and now this. in some states, this is illegal. >> yeah. okay. here are the lucky people in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma and texas. listen, this is a big deal and i think people are going to struggle with this thing and they're not going to be happy about it and consider, these fees were really already built into the price of stuff, so you're really paying it twice. what they...
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Jan 25, 2013
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CNN
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we shouldn't be talking about protecting the wealthy from raising taxes. we should be talking about a tax code that promotes economic growth, and that lifts all boats. tax code that is fair for everyone and promotes economic growth, it's going to create more jobs, it's going to create better jobs t will allow people to move into the middle class so the bottom line it's about taxes, it's about an overbearing government but it's really about how we communicate it. are we really protecting a certain segment of taxpayers or are we looking to have a tax code that promotes economic growth. it's a great history in our party of people like a jack kemp who knew how to speak to folks in a way that was really understandable and reached every man and i think that's what we have to get back to, that rhetoric, that kind of conversation that really reaches people where they live, that it's about jobs, it's about opportunity, it's about the rising of the american dream. >> senator mel martinez, former rnc chairman and former florida senator nice to see you as always. than
we shouldn't be talking about protecting the wealthy from raising taxes. we should be talking about a tax code that promotes economic growth, and that lifts all boats. tax code that is fair for everyone and promotes economic growth, it's going to create more jobs, it's going to create better jobs t will allow people to move into the middle class so the bottom line it's about taxes, it's about an overbearing government but it's really about how we communicate it. are we really protecting a...
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Jan 25, 2013
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> a new interview raising questions in the bizarre story of a notre dame football player and what we now know was his pretend girlfriend. the story tugged on the nation's heart strings, said that his girlfriend had cancer, had a car accident and ultimately she died and they gave the team football in her honor. well, it all turns out to be fake and now the only question is whether he was in on the hoax. he sat down with katie couric and maintained with her that he was duped into thinking he had a loving, online relationship, with a girl he never physically met or even saw. saw a couple of pictures and dr. keith ablow is a psychiatrist and part of the medical a-team. get your take on what we saw yesterday and his denial before i play some of the more interesting sounds, doc. >> well, my take is this, megyn, whether manti te'o was part of the conspiracy or not, he says that he did mainta
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> a new interview raising questions in the bizarre story of a notre dame football player and what we now know was his pretend girlfriend. the story tugged on the nation's heart strings, said that his girlfriend had cancer, had a car accident and ultimately she died and they gave the...
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Jan 25, 2013
01/13
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. >>> we are bringing you a firsthand look at your tax dollars at work in the tunnel. we got a look inside the 4th bore yesterday. we found crews hard at work inside. federal stimulus funds are paying for two thirds of the 400 million-dollar project. taxpayers are funding the rest. >> when it's done caltrans will be dedicating two bores permanently to eastbound traffic and two permanently to westbound traffic. >> caltrans said the 4th is 75 to 80% done. they will start laying the road bed next month and it's set to open later this year. >>> federal safety regulators say no matter what anyone else is saying the dream liner investigation continues. the head of the ntsb unsettling description of how serious this matter may be. >>> facebook founder is getting involved in politics. . >>> welcome back. taking you live to new york. dow back from its earlier gain. still up 17.5 points, s&p500 testing the 1500 level and a lot of familiar names in stocks to watch today. johnson and johnson up, part of the dow -- and it's earning estimates. p and g better than expected and starbu
. >>> we are bringing you a firsthand look at your tax dollars at work in the tunnel. we got a look inside the 4th bore yesterday. we found crews hard at work inside. federal stimulus funds are paying for two thirds of the 400 million-dollar project. taxpayers are funding the rest. >> when it's done caltrans will be dedicating two bores permanently to eastbound traffic and two permanently to westbound traffic. >> caltrans said the 4th is 75 to 80% done. they will start...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ bill: 10:31 a.m. in new york this morning. we had some stunning new information. pastor sayed abbadenya is being held captive according to his family. i'm certain that this is a lot of time that holds a lot of attention for you. but what would explain why he would be reporting missing is there an explanation for that. >> good morning and thank you for having me this morning. we don't know where he is. his family is usually able to communicate with him. it's been normal visitation time the prison and the guards cannot tell where he was. bill: so there is a family that you have been keeping in touch with and they have called you with updates sometimes daily. what was the last time you talked to him. >> they raided their house and took saeed abedini to prison. they have also been on some sort of house arrest for his trial and also their own. and they have been able to see him every other
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ bill: 10:31 a.m. in new york this morning. we had some stunning new information. pastor sayed abbadenya is being held captive according to his family. i'm certain that this is a lot of time that holds a lot of attention for you. but what would explain why he would be reporting missing is...
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Jan 25, 2013
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users can also search for videos and bynum based on certain has tax or subjects. --vine. it is available as a free ad on the islands at store. the act is also available for the iphone and itouch. we will be right back. new >> new video into kron4 of x games no build jobs and aspen colorado. three crash is happened yesterday at the games. first crash killed more he was taken to hospital with a concussion cent rise by daniel bodin he was unfazed. third crash colten moore calebs brother. he was taken to the hospital with his brother. levi la vallee winning jones took first place. >> 9:39 a.m. and police arrest the manager of a pop up murphy, ' s the the restaurant in martinez for putting a hidden video camera inside the employees restroom. police say a female employee called police after finding the camcorder. investigators said a manager, ed jason lassor confessed to the crime. he gazes 1 qt. of misdemeanor invasion of privacy. police are currently analyzing the video and the camera and may file additional charges that more victims are found. >> police all over the bay area
users can also search for videos and bynum based on certain has tax or subjects. --vine. it is available as a free ad on the islands at store. the act is also available for the iphone and itouch. we will be right back. new >> new video into kron4 of x games no build jobs and aspen colorado. three crash is happened yesterday at the games. first crash killed more he was taken to hospital with a concussion cent rise by daniel bodin he was unfazed. third crash colten moore calebs brother. he...
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Jan 25, 2013
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: some crime stories we are keeping an eye on. a man charged in a prostitution scandal. he is accused of conspiring with this woman, alexis wright, of running a prostitution studio with a cover-up of a zumba class. and a deadly brawl in brooklyn. the 24-year-old was being escorted from a holding cell to a bathroom and police said he shoved the officer and ran away. it is not clear whether he was handcuffed or how he got out of the station. in florida, orlando police need some help finding a man missing since monday. they say the 47-year-old has mental health issues. arthel: new information on the nationwide flu outbreak. the centers for disease control and prevention just releasing the numbers showing how hard the flu is heading now and who is most at risk. elizabeth is live in atlanta. i just got a text for my 28-year-old cousin was a teacher in los angeles and she said she's back
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: some crime stories we are keeping an eye on. a man charged in a prostitution scandal. he is accused of conspiring with this woman, alexis wright, of running a prostitution studio with a cover-up of a zumba class. and a deadly brawl in brooklyn. the 24-year-old was being escorted from a...